With a capital gain of -5.11% for the last 12 months, Moree, 2400 has performed for property investments than its average annual 2.02% property growth over the last 5 years.
Taking the average capital gain, or increase in median house value, Moree,2400 has racked up an average of -5.11% over the period. This ranks it number 3771th in the whole country for real estate investors looking at median house price increases.
Vendor discounting in Moree is giving property investors an average Vendor Discount of around -10.61%. This puts suburb at number 35th in NSW when ranking the most discounted suburbs.
Using the current median advertised rental of $300 and the average annual increase in value of a median property of 2.02%, investors should hope to achieve an overall return of 7.47%
With a capital gain of -16.76% for the last 12 months, Moree, 2400 has performed for property investments than its average annual 18.07% property growth over the last 5 years.
A $240 per week rent on the median house gives suburb investors a gross yield of circa 8.10%, without taking into account capital value appreciation, which has been averaging out at 18.07%.